Little Rock USDA Loan Rates, Closing Costs & Stats

LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Little Rock's 71 lenders originated 795 USDA loans during 2021. The total origination value was $131,565,000, with an average USDA loan value of $165,491.

Little Rock USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Little Rock averaged 6.65% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Little Rock's average USDA mortgage closing costs are $4,144.

The average rate for the prior week (2022-11-25) was 6.68% and one month ago for the week of 2022-10-28, the average rate was 6.95%.

The average rate one year ago was 3.45%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.28%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Little Rock USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Little Rock level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
FirstTrust Home Loans, Inc. 132 3.08% $4,725
MORTGAGE FINANCIAL SERVICES, LLC 75 3.04% $4,877
Eagle Bank and Trust Company 70 2.72% $4,195
Bank of England 47 2.98% $5,261
Centennial Bank 41 2.62% $4,270
FLAT BRANCH MORTGAGE, INC. 40 3.32% $4,717
First Security Bank 26 2.64% $3,616
Arvest Bank 24 2.87% $4,290
PRIMARY RESIDENTIAL MORTGAGE, INC. 23 3.48% $5,765
Simmons Bank 19 2.79% $4,111
CALIBER HOME LOANS, INC. 19 2.70% $4,285
CORNERSTONE HOME LENDING, INC. 18 3.14% $6,010
GUARANTEED RATE, INC. 17 2.90% $5,103
PILGRIM MORTGAGE LLC 16 3.25% $6,425
SENTE MORTGAGE, INC. 14 3.17% $4,846
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 12 2.95% $4,531
Gateway First Bank 10 2.70% $3,327
First Horizon Bank 10 2.70% $4,447
Sierra Pacific Mortgage Company, Inc. 10 2.94% $4,390
COMMUNITY MORTGAGE CORPORATION 9 2.65% $5,037
Regions Bank 8 3.05% $3,921
PENNYMAC LOAN SERVICES, LLC 8 2.91% $4,745
Citizens Bank 8 2.92% $4,179
MID AMERICA MORTGAGE, INC. 7 3.07% $4,198
First Option Mortgage, LLC 6 2.85% $5,219
GMFS LLC 6 2.69% $3,870
MORTGAGE INVESTORS GROUP, INC. 5 3.00% $4,445
ENCORE BANK 5 2.48% $4,205
DAS Acquisition Company, LLC 5 3.55% $4,745
AMCAP MORTGAGE, LTD. 5 3.00% $5,398
ARKANSAS Federal Credit Union 5 3.35% $5,480
Chambers Bank 5 2.78% $4,504
UNITED WHOLESALE MORTGAGE, LLC 5 2.83% $4,070
BROKER SOLUTIONS, INC. 4 3.03% $4,796
ACADEMY MORTGAGE CORPORATION 4 3.47% $8,239
EVERETT FINANCIAL, INC. 4 3.31% $4,254
FBC MORTGAGE, LLC 4 2.84% $4,491
FIRST COMMUNITY MORTGAGE, INC. 4 2.69% $5,142
GUILD MORTGAGE COMPANY 4 3.00% $5,920
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.13% $5,269
First Financial Bank 3 3.04% $4,365
CRESCENT MORTGAGE COMPANY 3 3.13% $4,736
First Community Bank 3 2.54% $5,204
Amerifirst Financial, Inc. 2 2.75% $1,226
U.S. Bank 2 3.13% $4,990
GSF Mortgage Corporation 2 3.69% $5,252
First Guaranty Mortgage Corporation 2 2.31% $3,126
The Home Loan Expert LLC 2 2.50% $4,435
TOP FLITE FINANCIAL, INC. 2 3.13% $4,943
PLAZA HOME MORTGAGE, INC. 1 2.88% $3,545
CHURCHILL MORTGAGE CORPORATION 1 3.38% $5,431
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.63% $4,146
Servion, Inc. 1 2.75% $5,328
BancorpSouth Bank 1 2.75% $3,545
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $6,251
Southern Bank 1 2.25% $3,598
SUN WEST MORTGAGE COMPANY, INC. 1 2.25% $5,437
SWBC MORTGAGE CORPORATION 1 3.25% $697
UNION HOME MORTGAGE CORP. 1 3.00% $4,609
United Fidelity Funding Corp. 1 2.25% $8,741
UNITED MORTGAGE CORP. 1 3.25% $5,129
VILLAGE CAPITAL MORTGAGE 1 2.75% $5,000
HOME POINT FINANCIAL CORPORATION 1 2.75% $5,858
LOANDEPOT.COM, LLC 1 2.75% $4,894
Magnolia Bank 1 2.63% $4,690
Flanagan State Bank 1 2.75% $5,313
MUTUAL OF OMAHA MORTGAGE, INC. 1 3.25% $5,979
Nations Lending Corporation 1 4.00% $1,299
ON Q FINANCIAL, INC. 1 3.75% $4,844
Paramount Residential Mortgage Group, Inc. 1 2.88% $5,973
Plains Commerce Bank 1 2.75% $9,357

The top Little Rock USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with 132 USDA loans originated. Their average total fees are $4,725, which is $152 lower than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

The lowest fee Little Rock USDA lenders (with over 10 loans originated) are Gateway First Bank ($3,327), First Security Bank ($3,616), Simmons Bank ($4,111), Eagle Bank and Trust Company ($4,195) and Centennial Bank ($4,270).

The lowest rate Little Rock USDA lenders (with over 10 loans originated) are Centennial Bank (2.62%), First Security Bank (2.64%), Gateway First Bank (2.70%), First Horizon Bank (2.70%) and CALIBER HOME LOANS, INC. (2.70%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $175,450 (9.7%) $244,247 (12.8%) 0.65 3,009
2018-02-01 $179,900 (11.6%) $245,854 (12.3%) 0.65 2,998
2018-03-01 $181,500 (7.6%) $244,862 (9.0%) 0.64 3,033
2018-04-01 $186,000 (10.1%) $250,370 (10.6%) 0.63 3,073
2018-05-01 $189,500 (11.5%) $257,179 (11.5%) 0.63 3,232
2018-06-01 $189,900 (10.1%) $258,409 (9.7%) 0.63 3,321
2018-07-01 $189,700 (8.5%) $254,994 (7.7%) 0.63 3,425
2018-08-01 $189,900 (9.0%) $251,907 (6.9%) 0.64 3,472
2018-09-01 $189,000 (8.1%) $252,200 (7.1%) 0.63 3,532
2018-10-01 $189,900 (9.1%) $251,833 (7.3%) 0.64 3,652
2018-11-01 $189,000 (8.3%) $250,605 (6.2%) 0.64 3,485
2018-12-01 $187,000 (6.9%) $249,459 (3.9%) 0.65 3,371
2019-01-01 $184,975 (5.4%) $247,499 (1.3%) 0.64 3,232
2019-02-01 $186,950 (3.9%) $250,674 (2.0%) 0.63 3,153
2019-03-01 $193,671 (6.7%) $257,967 (5.4%) 0.63 3,110
2019-04-01 $199,900 (7.5%) $266,187 (6.3%) 0.63 3,081
2019-05-01 $199,950 (5.5%) $271,563 (5.6%) 0.62 3,075
2019-06-01 $202,500 (6.6%) $274,515 (6.2%) 0.63 3,072
2019-07-01 $202,450 (6.7%) $274,944 (7.8%) 0.63 3,017
2019-08-01 $204,927 (7.9%) $276,847 (9.9%) 0.65 2,976
2019-09-01 $204,968 (8.5%) $276,354 (9.6%) 0.66 2,917
2019-10-01 $206,000 (8.5%) $276,167 (9.7%) 0.66 2,866
2019-11-01 $203,200 (7.5%) $273,495 (9.1%) 0.67 2,788
2019-12-01 $200,450 (7.2%) $275,965 (10.6%) 0.67 2,615
2020-01-01 $199,950 (8.1%) $276,014 (11.5%) 0.67 2,421
2020-02-01 $209,900 (12.3%) $280,604 (11.9%) 0.69 2,330
2020-03-01 $218,950 (13.1%) $284,403 (10.3%) 0.69 2,323
2020-04-01 $219,000 (9.6%) $283,004 (6.3%) 0.69 2,291
2020-05-01 $230,000 (15.0%) $294,269 (8.4%) 0.70 2,032
2020-06-01 $238,950 (18.0%) $303,795 (10.7%) 0.70 1,869
2020-07-01 $240,225 (18.7%) $310,642 (13.0%) 0.70 1,770
2020-08-01 $244,900 (19.5%) $318,624 (15.1%) 0.70 1,626
2020-09-01 $239,900 (17.0%) $319,848 (15.7%) 0.69 1,492
2020-10-01 $243,000 (18.0%) $328,398 (18.9%) 0.70 1,434
2020-11-01 $239,450 (17.8%) $328,632 (20.2%) 0.70 1,346
2020-12-01 $238,750 (19.1%) $330,007 (19.6%) 0.71 1,218
2021-01-01 $230,000 (15.0%) $330,618 (19.8%) 0.69 1,002
2021-02-01 $244,250 (16.4%) $333,789 (19.0%) 0.71 857
2021-03-01 $249,975 (14.2%) $339,637 (19.4%) 0.71 802
2021-04-01 $245,725 (12.2%) $340,971 (20.5%) 0.67 772
2021-05-01 $235,000 (2.2%) $333,511 (13.3%) 0.62 754
2021-06-01 $234,675 (-1.8%) $329,445 (8.4%) 0.62 828
2021-07-01 $245,000 (2.0%) $331,722 (6.8%) 0.64 1,000
2021-08-01 $247,250 (1.0%) $331,889 (4.2%) 0.66 1,091
2021-09-01 $248,900 (3.8%) $329,905 (3.1%) 0.66 1,098
2021-10-01 $248,900 (2.4%) $327,231 (-0.4%) 0.66 1,010
2021-11-01 $232,000 (-3.1%) $314,168 (-4.4%) 0.62 982
2021-12-01 $235,000 (-1.6%) $318,280 (-3.6%) 0.64 878
2022-01-01 $235,000 (2.2%) $316,540 (-4.3%) 0.64 782
2022-02-01 $239,900 (-1.8%) $333,204 (-0.2%) 0.62 677
2022-03-01 $249,900 (0.0%) $362,474 (6.7%) 0.63 701
2022-04-01 $283,350 (15.3%) $369,590 (8.4%) 0.68 722
2022-05-01 $289,800 (23.3%) $368,882 (10.6%) 0.66 842
2022-06-01 $287,500 (22.5%) $367,316 (11.5%) 0.64 949
2022-07-01 $279,187 (14.0%) $356,834 (7.6%) 0.63 1,164
2022-08-01 $276,250 (11.7%) $348,144 (4.9%) 0.64 1,271
2022-09-01 $282,475 (13.5%) $347,412 (5.3%) 0.66 1,259
2022-10-01 $295,000 (18.5%) $354,053 (8.2%) 0.69 1,318
2022-11-01 $287,500 (23.9%) $342,374 (9.0%) 0.69 1,463
Little Rock's median listing price for 2022-11-01 was $287,500, a difference of $55,500 (23.9%) versus the prior year and $-7,500 versus the prior month.

Little Rock's median listing price comes in at 69% of the national average.

Little Rock's average listing price for 2022-11-01 was $342,374, a difference of $28,206 (9.0%) versus the prior year and $-11,679 versus the prior month.

For the 2022-11-01 period, Little Rock had 1,463 MLS listings, a difference of 145 listings (11%) versus the prior month and 481 listings (49%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Little Rock (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 82 days 1,909 sqft
2018-02-01 72 days 1,910 sqft
2018-03-01 61 days 1,928 sqft
2018-04-01 61 days 1,940 sqft
2018-05-01 57 days 1,951 sqft
2018-06-01 58 days 1,962 sqft
2018-07-01 60 days 1,957 sqft
2018-08-01 61 days 1,955 sqft
2018-09-01 65 days 1,937 sqft
2018-10-01 68 days 1,938 sqft
2018-11-01 71 days 1,920 sqft
2018-12-01 78 days 1,900 sqft
2019-01-01 79 days 1,891 sqft
2019-02-01 69 days 1,895 sqft
2019-03-01 63 days 1,938 sqft
2019-04-01 59 days 1,993 sqft
2019-05-01 57 days 2,002 sqft
2019-06-01 60 days 2,015 sqft
2019-07-01 61 days 2,026 sqft
2019-08-01 63 days 2,036 sqft
2019-09-01 65 days 2,029 sqft
2019-10-01 66 days 2,027 sqft
2019-11-01 67 days 2,023 sqft
2019-12-01 73 days 2,021 sqft
2020-01-01 70 days 2,000 sqft
2020-02-01 58 days 2,046 sqft
2020-03-01 54 days 2,084 sqft
2020-04-01 59 days 2,069 sqft
2020-05-01 64 days 2,140 sqft
2020-06-01 55 days 2,143 sqft
2020-07-01 51 days 2,143 sqft
2020-08-01 46 days 2,149 sqft
2020-09-01 46 days 2,136 sqft
2020-10-01 45 days 2,115 sqft
2020-11-01 48 days 2,120 sqft
2020-12-01 54 days 2,068 sqft
2021-01-01 58 days 2,025 sqft
2021-02-01 49 days 2,049 sqft
2021-03-01 45 days 2,017 sqft
2021-04-01 33 days 1,957 sqft
2021-05-01 26 days 1,914 sqft
2021-06-01 25 days 1,892 sqft
2021-07-01 25 days 1,969 sqft
2021-08-01 33 days 1,970 sqft
2021-09-01 39 days 1,975 sqft
2021-10-01 43 days 1,946 sqft
2021-11-01 39 days 1,903 sqft
2021-12-01 46 days 1,932 sqft
2022-01-01 50 days 1,947 sqft
2022-02-01 39 days 1,917 sqft
2022-03-01 32 days 1,908 sqft
2022-04-01 26 days 2,022 sqft
2022-05-01 27 days 2,022 sqft
2022-06-01 30 days 2,059 sqft
2022-07-01 30 days 1,986 sqft
2022-08-01 36 days 2,009 sqft
2022-09-01 41 days 2,042 sqft
2022-10-01 39 days 2,082 sqft
2022-11-01 41 days 2,033 sqft
Little Rock's median listing age (time on market) for 2022-11-01 was 41 days. This is 5% longer than the same period one year ago.

Little Rock's median square footage for active listings during the 2022-11-01 period was 2,033 sqft. One year prior, the average listing was 1,903 sqft.